This stock is going nowhere but down since 3/19.
IMHO it is fairly valued.
Current price= TOBIN +
(7 or 8) upgrades + rumors
if you own this own,
sell it now..you're sitting on dead money.
12 months..Hmmmm. I can double in couple
BSX is not the stock to own..not even to rent
the 'secondary stock offering by BSX' to pay down
their debts. By its definition, a secondary offering
does not benefit the corporation. I found a Form S3-A
filed with the SEC on 4/7/99. The selling parties are
various BSX Capital Trusts (which are NOT BSX, itself).
The document was too long to fully download to my
browser so I may have missed something.
offering were to benefit BSX directly, I would think there
would be some press release. The Investor Relations
section of the BSX web site doesn't even mention
My question, then, is where is your info from? I
can't say you're wrong, but I can't verify that you're
By the way, here's some definitions on stock
In addition to the IPO and additional issue
offerings, offerings may be further classified as:
Primary Offerings: Proceeds go to the issuing
Secondary Offerings: Proceeds go to a major
stockholder who is selling all or part of
in the corporation.
Split Offerings: A
combination of primary and secondary offerings.
Offering: Under SEC Rule 415 - allows the issuer to sell
securities over a two year
period as the funds are
Here is MkR2001's message from just 3 days
ago"Insiders are selling before the earning..Tell me IT is a
good sign or a bad one. HMMMMMMMM. I sold mine at 40
couple days ago, took a small loss..Nicholas, Peter, CB
bought 34,900 shares at 25.74 on 2/26/99..he knew Mr
Tobin was coming...Since Mr Tobin became CEO..this damn
stock keeps going lower and lower ... NOW insiders are
selling...They must know something we don't..won't take any
chance.....Good luck all "I guess taking a loss at 40 wasn't such
a good idea.
I've been saying this for weeks, that the
downturn was a "blip" and that the earnings compounded by
the forthcoming approval on the new stent in May will
get this baby riding again.
Hope that the day
gets it more up into the mid-40s...an early morning
frenzy came out from all of the naysayers who were
Congrads to all who dove in
at $35 last week!
In addition to what I posted earlier, JP Morgan
raised to buy and Schroder raised to Outperform. (Gee,
Schroder what does it take to make you guys a believer.
Probably one of those analysts who tells their customers
to buy AFTER the stock already signicantly
appreciates. Congrats to everybody and to anyone who bought in
new the other day at $34 or bought more at the time.
I think you are right about the analysts. It
seems only a short time ago that the analytical
community was falling all over itself to downgrade this
stock. Now these guys will go into a frenzy to upgrade.
If you were to judge by the analysts opinions you
wouldn't think that this was the same company. What a
difference a few months makes.
I certainly hope we
see $50+ very soon.